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Stryker sells its spinal implants business to Viscogliosi Brothers, also naming a new CFO.
Stryker, an orthopedic device company, will sell its U.S. spinal implants business to investment firm Viscogliosi Brothers, forming VB Spine.
The deal, expected to close in 2025, includes Stryker's spine business in France and other international markets, aiming to enhance focus and growth for both companies.
Stryker also announced CFO Glenn Boehnlein's retirement and named Preston Wells as his successor, with Q4 sales up 10% to $6.4 billion and net income up 5% to $3.0 billion.
The company forecasts 8-9% sales growth for 2025.
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Stryker vende su negocio de implantes espinales a Viscogliosi Brothers, también nombrando a un nuevo CFO.